Hello, I am an attorney in Texas. Texas client received from its mortgage
a Discharge of Deed to Secure the Debt.
1. The Tax assessor foreclosed on its property tax lien
in December of last year, and received a bid of $29,000 which was the highest bidder.
2. The Tax Deed recites that the Unpaid property taxes were for 2012, 2013 and 2014.
3. I believe the property can be redeemed by client before the redemption runs within one year of the Tax Deed.
4. Property is in Dekalb County, Georgia.
If she redeems and pays the actual taxes, will the county return the $29K to the purchaser?
PUrchasor has not made any repairs to the property but wants her to sign a Real Estate
PUrchase contract and will pay her $1,000 ernest money to enter the property and assess how much it will take to repair.
Question: Is the redemption period only one year?
What happens to the $29,000 if client pays the outstanding property taxes?
Is my client obligated to pay back to the succes